A loan of $2,125 helped to purchase a festive tent to rent out.

Lasha's story

Lasha is 30 years old. He lives in a small village in the Ozurgeti District with his parents.

Lasha has requested several loans from local financial institutions for a family business start-up, but without any success. His loan request has been rejected every time, because of low income and the family’s poor living conditions.

The only source of income for the family is from agricultural activities. Specifically, they have two milking cows, two calves and two pigs. Besides this, they have ten beehives with bee colonies and a plot of agricultural land, where nut trees and maize are grown. They sell the harvested products, like honey and cheese, at the local markets.

Lasha has requested a loan from Credo to start up a family business. Lasha has now been approved for a loan within the framework of the new joint initiative of Kiva and Credo. The start-up loan program envisages provision of business start-up and restart-up credits, with soft conditions, to rural poor people, who do not have access to credit products. These rural poor people are regarded as “high risk borrowers” because of their low income.

With his credit, Lasha will purchase a festive tent and all the equipment needed, which can be used at different kinds of events. He will rent it out to the other villagers and generate income.

The new business initiative, financed with the Kiva Start-up loan, will significantly improve the family's living conditions.

Loan details

Lenders and lending teams

Loan details